BATON ROUGE, La. (AP) - A House committee agreed that property owners whose tax assessments increase by 15 percent or more in one year should be able to spread the increase over three years.
The bill is sponsored by House Speaker Chuck Kleckley as an attempt to give property owners an adjustment period to pay the new amount.
He says the proposal would allow for splitting the total increase and paying one-third of it annually on top of the base amount of the tax bill.
The House Ways and Means Committee backed the measure without objection. It moves next to the House floor.
If approved by the House and Senate, the constitutional change would need approval from voters in November of 2014 to take effect.
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